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20100902
20100902
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us tonight. let's get started >> it is great to be with all of you here. thank you for letting us into your home this evening. i started out like most businesses do in a small business. i typed, answered phones for a small company. my husband started out driving a pittsburgh for the city of pennsylvania. i am running for public office now because i like most of you think our country is headed in the wrong direction. frank and i are worried our two granddaughters will not have the same opportunity we had. i have created jobs. i have cut spending and solved problems. i think we need some common sense and practical problem solving. barbara boxer has been in washington, d.c. for 28 years. she may say many things to night. her track record is clear. the results of her policies are devastating for this state. in the last 20 months alone, unemployment has grown, debt has grown on its way to $20 trillion. she may say she is fighting for cal forrians. but the truth is she is fighting hardest for another six years in washington, d.c. >> it is wonderful to be here. thanks you to the good peo
of the conversations over the weekend. for us, it was less about -- and i understand all of the noise about crisis and bailout and morale hazard. lehman had the capital. we needed the liquidity. we had four -- we went into that last weekwith over $40 billion of liquidity, we lost close to 30 in three days. we needed the liquidity. i really cannot answer you, sir, as to why the federal reserve and the treasury and the sec together chose to not only provide support for liquidity, but also not to have opened the window to lehman that sunday night as it did to all of our competitors. i must tell you when i first heard about the fact that the window was open for expanded collateral, a number of my finance and treasury team came into my offense -- office and said we're fine. we have the collateral. we can pledge it. we're fine. 45 minutes later, they came back and said, that window is not open to lehman brothers. >> yes, that is in the chronology. all right. mr. baxter, let me follow up on this. in addition to the -- did you see political considerations in the timeline? you see the debate about the fina
Search Results 0 to 1 of about 2